Abercrombie & Fitch Co. (NYSE:ANF) – Stock analysts at B. Riley boosted their FY2019 earnings per share estimates for Abercrombie & Fitch Co. in a research report issued to clients and investors on Monday. B. Riley analyst S. Anderson now anticipates that the apparel retailer will earn $0.08 per share for the year, up from their previous estimate of $0.06. B. Riley has a “Hold” rating and a $11.00 price target on the stock.

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A number of other research firms also recently weighed in on ANF. William Blair reissued an “outperform” rating on shares of Abercrombie & Fitch Co. in a report on Tuesday, September 5th. J P Morgan Chase & Co downgraded Abercrombie & Fitch Co. from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $12.00 to $10.00 in a report on Wednesday, November 1st. Citigroup Inc. raised Abercrombie & Fitch Co. from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $14.00 to $16.00 in a report on Friday, August 25th. Zacks Investment Research downgraded Abercrombie & Fitch Co. from a “buy” rating to a “hold” rating in a report on Friday, October 27th. Finally, Royal Bank Of Canada raised Abercrombie & Fitch Co. from an “underperform” rating to a “sector perform” rating and lifted their target price for the stock from $12.00 to $14.00 in a report on Thursday, August 31st. Seven equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $12.98.

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Shares of Abercrombie & Fitch Co. (NYSE ANF) traded down $0.02 during trading on Tuesday, reaching $16.62. The company’s stock had a trading volume of 3,070,700 shares, compared to its average volume of 3,614,676. Abercrombie & Fitch Co. has a fifty-two week low of $8.81 and a fifty-two week high of $17.19. The firm has a market cap of $1,132.97, a P/E ratio of 128.00, a price-to-earnings-growth ratio of 11.06 and a beta of 0.76. The company has a quick ratio of 1.07, a current ratio of 2.08 and a debt-to-equity ratio of 0.27.

Abercrombie & Fitch Co. (NYSE:ANF) last announced its quarterly earnings results on Friday, November 17th. The apparel retailer reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.06. Abercrombie & Fitch Co. had a negative return on equity of 5.34% and a negative net margin of 1.88%. The business had revenue of $859.10 million during the quarter, compared to the consensus estimate of $818.41 million. During the same quarter last year, the firm posted $0.02 EPS. The company’s quarterly revenue was up 4.6% on a year-over-year basis.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. GSA Capital Partners LLP increased its position in shares of Abercrombie & Fitch Co. by 13.3% in the third quarter. GSA Capital Partners LLP now owns 33,223 shares of the apparel retailer’s stock worth $480,000 after purchasing an additional 3,909 shares during the period. Lorber David A bought a new position in shares of Abercrombie & Fitch Co. in the third quarter worth $126,000. FrontFour Capital Group LLC bought a new position in shares of Abercrombie & Fitch Co. in the third quarter worth $7,816,000. Sterling Capital Management LLC bought a new position in shares of Abercrombie & Fitch Co. in the third quarter worth $969,000. Finally, California Public Employees Retirement System increased its position in shares of Abercrombie & Fitch Co. by 22.3% in the third quarter. California Public Employees Retirement System now owns 609,171 shares of the apparel retailer’s stock worth $8,796,000 after purchasing an additional 111,171 shares during the period. Institutional investors own 98.66% of the company’s stock.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Friday, December 1st will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.81%. The ex-dividend date of this dividend is Thursday, November 30th. Abercrombie & Fitch Co.’s payout ratio is currently -285.70%.

Abercrombie & Fitch Co. Company Profile

Abercrombie & Fitch Co is a specialty retailer who primarily sells its products through store and direct-to-consumer operations, as well as through various wholesale, franchise and licensing arrangements. The Company operates through two segments: Abercrombie, which includes the Company’s Abercrombie & Fitch and abercrombie kids brands, and Hollister, which includes the Company’s Hollister and Gilly Hicks brands.

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